Palantir Tech's $140 Billion Surge

This is a news story, published by Yahoo Finance, that relates primarily to Donald Trump's news.

Donald Trump's news

For more Donald Trump's news, you can click here:

more Donald Trump's news

space technology news

For more space technology news, you can click here:

more space technology news

Yahoo Finance news

For more news from Yahoo Finance, you can click here:

more news from Yahoo Finance

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best science news, business news, entertainment news, and much more. If you like space technology news, you might also like this article about

Palantir Technologies stock

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Higher Defense Spending Hope news, Palantir Technologies Inc news, space technology news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

Top hedge funds

Benzinga

•

Palantir Tech's $140 billion market cap is driven by Trump's victory and higher defense spending

Summary

Nutrition label

73% Informative

Palantir Technologies Inc ( NYSE : PLTR ) has witnessed a big surge in market value, adding over $23 billion since Donald Trump's victory in the 2024 Presidential election.

The company’s shares have nearly tripled over the past year , pushing its market capitalization to approximately $140 billion , surpassing principal defense contractor Lockheed Martin .

Analysts express concern over the company's high valuation, calling it a speculative but promising investment.

The average forward P/E ratio of Palantir Technologies's peers is 51.62 .

Other important metrics to look at include a company's profitability, balance sheet, performance relative to a benchmark index and valuation compared to peers.

For in-depth analysis tools and important financial data, check out Benzinga PRO .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech